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RECAP - Wednesday May 22, 2024. Investors stood their ground and took today’s punches to the chin. Read below 👇🏼
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⚠️ THIS IS NOT FINANCIAL ADVISE, I AM NOT A FINANCIAL ADVISOR. ⚠️

If you have good knowledge & experience in investing, and you’d like to add onto or correct me on any points I make (with credible sources), please feel free. If you help me, you’re helping everyone else.

Read here for last nights recap - https://www.reddit.com/r/FFIE/s/Y1pHvI0dxI

Read Here to understand some general information about $FFIE. If you’re new, you will probably benefit from it - https://www.reddit.com/r/FFIE/s/VtFcywLino

TODAY’S VOLUME - 196.71M 👏🏼

In today’s recap we’ll be straying away from the ape talk a little bit, and using the correct terminology. $FFIE will be the beginning of a lot of your investing journeys, and I want all of you smart investors to be confident and respected when discussing this company, or the stock market in general. Don’t worry, I’ll make it very simple for you to understand. Let’s get into today’s recap 👇🏼

We opened up pre-market hours with a price point of $1.33/share, 0.06 cents (-4.32%) from last night’s after hours close. This means some of you silly people sold your shares. How so? Big investors can only do their dirty work during market hours, 9:30 A.M EST - 4:00 P.M EST. That means during pre-market and after hours, shares that are being bought and sold, are mostly being bought and sold by retail investors. I’d like to remind everyone you only lose what you put in once you sell, and we’re winning this game as long as we keep closing over $1/share. These sales can only be explained by buyers allowing themselves to become emotionally overwhelmed. Please remember, there are investors working to bring you the FACTS and EVIDENCE to keep you confident in your choices. During the pre-market, we saw a dip bring us to a low of $1.22/share between 4-5 A.M. From there we saw a steady climb to $1.36/share at 8:00 A.M. This leaves us room to assume retail investors bought shares as they woke up, or at some point before then they put in a stop order for any price range that we passed through during the dip. This is another clean example of how there are investors in this group HUNGRY to hoard all the floating shares.

From there, however, there was some movement and we opened official market hours at a price point of $1.15/share, and here’s where the market opens for the big investors. We continued to fall all the way down to $1.03 a share. This caused a lot of you folks to panic, but the numbers don’t lie, and the following numbers show that smart investors held, and continued to buy while new guys came in and entered the game at a good price point. In less than an hour, we climbed up quickly to $1.15/share and that’s where the real dog fight began.

Right after the 11:05 A.M mark, we saw a whole lot of back and forth action until around 3:00 P.M. if you were active in this subreddit, this was a scary time for a lot of investors. I’d like to remind everyone, especially if you weren’t here Friday (this was the scariest day we’ll probably see for the time being), that what we saw today was normal, and okay, and it was nothing compared to that day. Once the last hour of the open market hit we saw a quick climb from $1.08/share to $1.21/share, in just the span of 30 minutes! That’s a whole lot of buying going on. We closed the market day at $1.14/share, bringing us one day closer to when the Big Investors have to either buy their borrowed shares back or continue to accumulate interest. This is what you hear a lot of investors refer to when they speak about closing above $1/share for 10 consecutive days. We’ve currently survived Day 5, and we need to survive 5 more. (THESE ARE MARKET DAYS, NOT REGULAR CALENDAR DAYS. SATURDAY AND SUNDAY WONT COUNT AS DAYS) If we’re able to hold above $1/share for 5 more consecutive days then our contributions as investors, mixed in with the positioning that Big Investors are in, will initiate a process known as a short squeeze. 📈

Today went almost exactly how yesterday’s preparation post said it would (read here - https://www.reddit.com/r/FFIE/s/pGfAKNpTIX ) What’s more, is almost every single one of you investors did your job. You held your already owned shares and waited for dips to put in your buys.

What does this mean for us?

It means the exact same thing it’s meant the last few days. We’ve been doing great, fighting beyond our best ability and Big Investors aren’t happy with us. They’re only going to continuously try harder to knock us off and like it’s mentioned time and time again, the next few market days are going to be extremely psychological, keep in mind emotions have 0 play in the stock market.

What can tomorrow look like?

With us reaching the halfway mark in our 10 day fight, it only means the pressure is on Big Investors. Because of this, Big Investors will try harder than they have been when it comes to getting us to sell our shares. Due to FFIE being placed on the Regulation SHO Threshold list (BIG news, read here to learn more - https://www.reddit.com/r/FFIE/s/1lGoTBpkFO ), we can take educated guesses and expect to see tomorrow’s market play our side, but absolutely not too different than what we’ve been seeing so far. A lot of smart investors may watch for dipping trends so they can continue to buy at discounted prices. Buying at the absolute bottom of the dip does not help, so try to time your buys for the start of dipping trends!

How do we continue to put up a good fight?

I’d tell you guys, but some smart investors have come out of the shadows to help me AND you. Read this post to see how we can continue to fight hard - https://www.reddit.com/r/FFIE/s/2VWFrVqUX0

And this one - https://www.reddit.com/r/FFIE/s/BRe6nOWkqc

STOP Trying to spread the word. We have enough investors here buying and holding the stock. You guys are risking exposing the stock to day traders and quick flippers who will KILL our hard work.

Important things that happened today:

16 Million FFIE shares due to close short positions - https://www.reddit.com/r/FFIE/s/kMriyB7I61

Few million shares offloaded today - https://www.reddit.com/r/FFIE/s/qkQeHlqD8y

Tomorrow will be another fight that requires patience and diligence. Continue to look out for one another. If you’re new here, do your homework please, read my links provided, filter the communities posts by top, or just feel free to ask questions.

If you’re new here, new to investing, please, refrain from posting “memes” and unnecessary posts. They only drown out the educational ones from the people trying to help YOU. Please refrain from sharing information that is not credible or fact checked.

We’ve been doing great at helping each other as of late, let’s keep it up.

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